PANews reported on July 3 that U.S. Senator Cynthia Lummis announced her comprehensive digital asset tax legislation, striving to submit it to the president and welcome public comments on thePANews reported on July 3 that U.S. Senator Cynthia Lummis announced her comprehensive digital asset tax legislation, striving to submit it to the president and welcome public comments on the

U.S. Senator Lummis announces digital asset tax legislation, proposing tax exemptions for small transactions and other measures

2025/07/03 23:36
1 min read

PANews reported on July 3 that U.S. Senator Cynthia Lummis announced her comprehensive digital asset tax legislation, striving to submit it to the president and welcome public comments on the bill. The bill focuses on several key issues: for small transactions, a minimum rule of $300 (annual total cap of $5,000) is set, adjusted for inflation from 2026, taking into account both taxation and transaction convenience; in terms of digital asset lending, securities lending rules are expanded to prevent temporary lending from immediately generating tax consequences, helping the healthy development of the market; revised clauses fill loopholes in false trading losses and ensure fair taxation of digital assets and traditional securities; allowing dealers to price at market prices to eliminate asset type discrimination; mining and staking income recognition is postponed until asset disposal to ease taxpayers' financial pressure; in the field of charitable donations, active trading digital assets are exempted from assessment to reduce the difficulty of donations. According to the Congressional Joint Committee on Taxation, the bill will generate approximately $600 million in net fiscal revenue between 2025 and 2034.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Galaxy Digital’s 2025 Loss: SOL Bear Market

Galaxy Digital’s 2025 Loss: SOL Bear Market

The post Galaxy Digital’s 2025 Loss: SOL Bear Market appeared on BitcoinEthereumNews.com. Galaxy Digital, a digital assets and artificial intelligence infrastructure
Share
BitcoinEthereumNews2026/02/04 09:49
Why This New Trending Meme Coin Is Being Dubbed The New PEPE After Record Presale

Why This New Trending Meme Coin Is Being Dubbed The New PEPE After Record Presale

The post Why This New Trending Meme Coin Is Being Dubbed The New PEPE After Record Presale appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 20:13 The meme coin market is heating up once again as traders look for the next breakout token. While Shiba Inu (SHIB) continues to build its ecosystem and PEPE holds onto its viral roots, a new contender, Layer Brett (LBRETT), is gaining attention after raising more than $3.7 million in its presale. With a live staking system, fast-growing community, and real tech backing, some analysts are already calling it “the next PEPE.” Here’s the latest on the Shiba Inu price forecast, what’s going on with PEPE, and why Layer Brett is drawing in new investors fast. Shiba Inu price forecast: Ecosystem builds, but retail looks elsewhere Shiba Inu (SHIB) continues to develop its broader ecosystem with Shibarium, the project’s Layer 2 network built to improve speed and lower gas fees. While the community remains strong, the price hasn’t followed suit lately. SHIB is currently trading around $0.00001298, and while that’s a decent jump from its earlier lows, it still falls short of triggering any major excitement across the market. The project includes additional tokens like BONE and LEASH, and also has ongoing initiatives in DeFi and NFTs. However, even with all this development, many investors feel the hype that once surrounded SHIB has shifted elsewhere, particularly toward newer, more dynamic meme coins offering better entry points and incentives. PEPE: Can it rebound or is the momentum gone? PEPE saw a parabolic rise during the last meme coin surge, catching fire on social media and delivering massive short-term gains for early adopters. However, like most meme tokens driven largely by hype, it has since cooled off. PEPE is currently trading around $0.00001076, down significantly from its peak. While the token still enjoys a loyal community, analysts believe its best days may be behind it unless…
Share
BitcoinEthereumNews2025/09/18 02:50
HKMA Launches Fintech Blueprint with AI, DLT, Quantum and Cybersecurity Focus

HKMA Launches Fintech Blueprint with AI, DLT, Quantum and Cybersecurity Focus

The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and fintech development in the banking sector.
Share
Fintechnews2026/02/04 10:20